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What is driving Walmart's shift from China towards India for imports?
Livemint
·
1y ago
Medial
Multinational retail corporation Walmart is reducing its reliance on Chinese supply chains and increasing imports from India. Between January and August 2023, Walmart imported 25% of its US imports from India, up from just 2% in 2018. Growing geopolitical tensions and cost factors are driving Walmart to shift supply chains from China to countries like India, Thailand, and Vietnam. Walmart aims to import $10 billion worth of goods annually from India by 2027 and is currently sourcing products ranging from toys to pharmaceuticals from the country.
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Walmart’s exports from India on the rise as it looks to reduce reliance on China
Inc42
·
1y ago
Medial
Global retail giant Walmart, which owns Flipkart and PhonePe, is increasing its imports from India as it aims to reduce dependence on China and diversify its supply chain. Walmart's imports in the US from India rose to around 25% between January and August this year, up from 2% in 2018. While China still accounted for 60% of Walmart's imports during the same period, it marked a decline from 80% in 2018. Walmart is exporting goods such as toys, electronics, bicycles, and pharmaceuticals to the US from India. Amazon, Walmart's rival, aims to increase exports from India to $20 billion.
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India tops US smartphone supply in June quarter as Apple shifts from China
Economic Times
·
13d ago
Medial
India became the top supplier of smartphones to the US in the June quarter, driven by Apple's shift from China due to trade uncertainties. According to Canalys, the share of US smartphone shipments assembled in China decreased, while India's shipments to the US surged by 240%, now accounting for 44% of imports. Apple's supply chain shift is part of a China Plus One strategy, leveraging Indian manufacturing for the US market.
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Indian rapeseed meal exports soar as China replaces Canadian supply
Economic Times
·
1m ago
Medial
China is significantly increasing its rapeseed meal imports from India due to its imposition of a 100% tariff on Canadian imports. India's exports of rapeseed meal to China are projected to reach 500,000 metric tons in the 2025/26 marketing year, a substantial increase from previous figures. This shift is attributed to competitive pricing offered by India and boosts rapeseed oil supplies locally. Traditional buyers of India's rapeseed include South Korea, Bangladesh, Thailand, and Vietnam.
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Export of natural diamonds may see turnaround as China reignites demand
Economic Times
·
1m ago
Medial
Indian diamond exporters anticipate a surge in demand from China after a three-year decline, spurred by Chinese jewelry retailers' buyback programs to boost interest in natural diamonds. Despite past economic challenges, including a shift towards gold and rising popularity of lab-grown diamonds, these initiatives may revitalize demand. Currently, China's natural diamond imports from India have halved over three years, but renewed interest is expected as positive sentiment builds among buyers.
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Musk pushes plan for China data to power Tesla's AI ambitions
Reuters
·
1y ago
Medial
Tesla is reportedly planning to power the global development of its self-driving system by using data from China, a strategic shift by Elon Musk. The company is said to be working on plans for a data center in China to train the algorithm needed for autonomous vehicles. This move comes as Tesla aims to pivot towards artificial intelligence (AI) and make greater use of data from vehicles in China. While Tesla has previously focused on securing approval to transfer data from China, setting up a data center in the country would require a local partner.
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ETtech Explainer: Inside India's iPhone dreams — The story so far
Economic Times
·
3m ago
Medial
Apple is pivoting iPhone production towards India amidst U.S.-China trade tensions and tariffs, which complicate plans to move manufacturing from China. Although Foxconn and Tata Electronics are expanding in India under the PLI scheme, China still dominates Apple's production. The U.S. push for domestic production faces cost issues, with American-assembled iPhones being significantly more expensive. Apple's shift to India is contingent on evolving trade agreements and navigating delays from China regarding production equipment.
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The thorny side of India’s newly won rice crown
Livemint
·
1m ago
Medial
India recently became the world’s largest rice producer, overtaking China. However, this achievement has impacted the production of pulses and oilseeds, leading India to rely heavily on imports for these crops. In the fiscal year 2025, India imported ₹46,428 crore worth of pulses, marking a 49% year-on-year increase. This shift highlights the growing dependency on imports for dietary essentials as rice production dominates agricultural priorities.
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PM Modi wants to do in 10 years what China did in 30 years in electronics manufacturing: Rajeev Chandrasekhar
Money Control
·
2y ago
Medial
Rajeev Chandrasekhar, a Member of Parliament, reveals that Prime Minister Narendra Modi aims to achieve in 10 years what China accomplished in 30 years in the field of electronics manufacturing. Chandrasekhar highlights the government's focus on creating a favorable ecosystem for electronics manufacturing, promoting domestic production, and attracting investments. The goal is to position India as a global manufacturing hub and reduce dependence on imports.
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'Nepal chose China over us': Blunt warning sounds alarm for Indian EV carmakers
Business Today
·
3m ago
Medial
Nepal, a power-surplus country with 85% of its electricity derived from hydropower, views electric vehicles as a strategic solution to reduce its reliance on imported petrol and diesel, sourced entirely from India. This shift towards electric vehicles highlights Nepal's commitment to leveraging its abundant clean energy resources, while also decreasing dependency on Indian fuel imports, potentially impacting Indian electric vehicle manufacturers as Nepal aligns more closely with Chinese partners for its energy and transport needs.
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Apple considering price hike for its upcoming fall iPhone lineup, WSJ reports
Economic Times
·
3m ago
Medial
Apple is reportedly considering raising prices for its upcoming fall iPhone lineup, coupled with new features and design updates. The potential price increase is not linked to US tariffs on Chinese imports, where Apple's devices are mainly manufactured. While Apple aims to shift production to India, the country lacks the necessary infrastructure for Pro models. Following the report, Apple's stock increased by approximately 7%, amid ongoing US-China trade tensions affecting supply chains.
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